Bankruptcy News Headlines

OxyContin maker Purdue reaches plea deal in opioid probe-sources

Purdue Pharma LP has reached an agreement to plead guilty to criminal charges over handling of its addictive prescription opioid OxyContin, in a deal with U.S. prosecutors that effectively sidesteps paying billions of dollars in penalties and stops short of criminally charging its executives or wealthy Sackler family owners, people familiar with the matter said.

J.C. Penney sale talks stall - Bloomberg News

Talks between J.C. Penney Co's lenders and the would-be buyers, Simon Property Group Inc and Brookfield Property Partners LP, broke down in recent days, Bloomberg News reported on Thursday, citing people with knowledge of the negotiations.

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